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Credit Union Limited
Oddfellows House, 184-186 Deansgate
Manchester M3 3WB
Telephone: 0161 214 4629 Fax 0161 214 4628
Manchester Unity Credit Union Ltd is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and the Prudential Regulation Authority,
Reg No 213401
Credit Unions in the Oddfellows
They were started in the Midlands in 1991 and grew until membership in 2001 was
They were followed by North London in 1994 with approximately 40 members but no
growth by 2001
Yorkshire started with a savings group 1997. By this time the regulator, the Registrar
of Friendly Societies was taking more interest and a two year training programme
was undertaken leading up to a two hour interview with a representative of the registrar.
They were finally registered in January 1999.
Late in 1999 Government announced that credit unions would come under the Financial
Services Authority and
with the increase in legislation which followed it became apparent that the three
credit unions could not survive individually.
Talks took place between the credit unions and the Board of the Oddfellows to seek
their sponsorship which resulted in Manchester Unity Credit Union Ltd coming into
being on 1st September 2001, with a common bond covering England, Scotland and Wales.
Membership today has passed the 600 mark and the Credit Union has its own administrator
based in Manchester.